Unstated co-founder personal guarantees shift off-balance-sheet contingent risks onto individual balance sheets, requiring lender novation, cash collateralization, or intra-founder indemnification prior to Series A diligence closing.
Early co-founder equity splits function as forward execution incentives where stated vesting terms and explicit risk valuation replace silent ledgers.
Unstated relational contracts convert to executive terms by unbundling past contributions from future authority and defining explicit decision rights.
The terms are written where they belong. Each field holds three desks, and every entry a desk writes raises the terms it uses, each term given a meaning, a mechanism and the places it appears. The record on these pages stays first person and hand made; the fields grow the nomenclature.
